TOKYO, Aug 27 (Reuters) - Japan's Nikkei average fell 1.6 percent on Thursday after hitting a 10-month closing high the previous day, with exporters such as Canon Inc losing steam, while trade remained cautious ahead of Sunday's election.
The benchmark Nikkei shed 168.72 points to 10,470.99, after rising 1.4 percent the previous day to score its highest close since Oct. 3.
The broader Topix declined 1.5 percent to 960.54. (Reporting by Aiko Hayashi)